There are many reasons to hire a property management company. You may have bought a property out of town or you may have bought too many properties to keep up with yourself. Regardless of the reason there is one important fact that you should always remember: they work for you.
Research is key when looking to hire. If you were the hiring manager at a major corporations you wouldn't take the first man or woman off the street without knowing anything about them, would you? If you did, you'd be taking a very foolish gamble and probably wouldn't be the hiring manager very long. When you're looking for a property management company, you are hiring an employee. You'll want to know what you're looking for, ask for references, and then sit down to an interview and see if you both match up. Not every company will fit you and, in all honesty, you won't fit every company. Trying to make it work when it should have been obvious from the beginning that it just wasn't a good fit is silly at best. Make sure you find the right fit by doing the research that you should do.
Once you've hired the company, if they do not meet expectations, you are within your rights to fire them and find someone new. This can be troublesome as the turnover to a new management company can be frustrating and taxing, but in the end you'll feel better knowing that you have someone in your employ that you can trust. There's no point in hiring a company to take care of your management issues if you have to micromanage them just to get the job done.
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